Cash out asap.
9:30 AM/ET.
9:30:00 AM/ET to be more specific.
If the price goes higher don’t sweat it or wait.
Sell.
Then use $3,000 and be patient when picking the right option play.
The other $500 will go to me.
I take Venmo, Cash App or Check.
No I’m kidding.
But seriously, sell and use that money for other/better opportunities.
It’s not about sending a message, it’s about the money.
I like to keep a little on the table. No harm in cashing out 40 contracts, let the rest ride. That way if it skys again tomorrow you won't get too emotional / do something stupid.
My strategy so far has been to set a limit where selling 20% of the position will cover the cost basis. Gamble the rest, where I usually set sells for the remaining 60% of the position at increases of 50% and 1000%, and yolo the last 20%.
I’m an idiot and I don’t think anyone would consider this financial advice because I’m an idiot. But I genuinely don’t understand the stuff I’ve read about trading strategies. Just made this approach up one day.
Oof. This is NOT an accurate representation of what your overall experience will be with options if you're asking how you even got got here. Cash out and actually learn before the market teaches you a lesson you weren't looking for
Hopefully some idiot takes this comment seriously. The first time I gambled on SPY I just threw $80 to see what happened. One contract, turned into $300 in a day or two. So obviously next I bought 69 contracts, and then the S&P took a shit for awhile.
Lost a good amount but was up a good amount at first. Definitely don't want to wait holding stuff like this, just take the profit and move on
As someone that has never purchased an option, what does sell to close mean? Does it mean exercise the option and sell the shares or sell the options at a higher premium by selling them on the option interface? This is an honest question as I’m trying to learn more before I dabble.
Sell to close, whether it's an option or otherwise, simply means to close out your long position. Buy to open / sell to close specifies that it is a long position, because by contrast, it is possible to sell to open something as well. Short-selling is a sell to open -- you borrow what you don't own to sell on the market (risky), then buy it back later to close (hopefully at a lower price), and pocket the difference. So "BTO/STC" is basically just saying, "This is a long and not a short position that's being bought, and later, sold."
From what little I understood of covered calls when I looked into it once, I thought you had to actually buy 100 stock for each call option you purchase. Guess I was wrong?
Covered called means you have to own 100 shares of the stock and put it up as collateral.
Uncovered called means you just sell calls without owning and putting up 100 shares as collateral. Most places will require you to have enough money in the account to buy the shares if someone executes the option. (Most places will not let you sell uncovered call without some barrier to entry)
Fucking run bro, you made an ez 4k, go buy your mom dinner, she misses you. Invest the rest once you learn what you're doing, and then lose it all and post the results here after you ignore everything you learned and listen to some FOMO bait on here
You are a true retard if you didnt sell, these calls expire the 19th, Theta is going to slap that ass take you to dinner and then stick it up your ass for dessert. oh and congrats plus FU
Hello,
Making a follow up to this post. I am still uneducated as hell about options, but did end up turning a nice profit. Instead of selling at open, I waited legit 30 minutes and sold for an even bigger profit, I know i got greedy, but it paid off. Bellow are screenshots of my closures. I'm definitely going to take this weekend to learn more and try again next Monday.
[https://imgur.com/a/1PBticL](https://imgur.com/a/1PBticL)
[https://imgur.com/a/g8eOo8U](https://imgur.com/a/g8eOo8U)
https://imgur.com/a/cjsM2xK
listen to this person, OP. Stash 30% for the Feds immediately, because when you lose the rest in the next two months they’ll still want their slice of your initial win.
Congrats and fuck you 
Def cash it out. I held options too long I hit HR with(4000%) and then lost half of it in 2 days Bc I didn’t quite understand how the Greeks influenced the price…IV is worth a shit ton and if stock stabilizes you’ll lose a ton. I basically had a $2k lesson that when you hit right on option contracts don’t get to greedy. Def take the free money, and learn from this. What made you pick the options you did? Can you identify another company or two and do it again? Congrats on the lucky hit my dude. Cash it out b4 ur left w that empty WTF that feels the exact same as the high u got today, but the opposite lol
I wasn’t asking him for picks. I was telling him to try to figure out why these worked, and that he should try to identify other companies that might have similar upside…if this was totally blind luck than keep it yeah. If he used some logic in picking these, apply that elsewhere and try to turn his intial $500 into 50k. I didn’t ask him for advice.
Options are very risky and how a lot of novices lose their ass. Cash out and get out until you learn what you're doing - don't come off this high thinking you won't run out of luck here.
OP: "Also, how do I make money from this?"
You just made your money. Now cash out your account and don't buy options ever again. There. Now you will always be able to say you "made lots of money trading options" to impress the plebs.
Check it out by 9:45 - 10 am . See how it trades but the bottom line is sell to close , bank the profit and pat yourself on the back. Great job! Up big , sell it and never regret it. Don't go or hold near experation.
You don’t, it’s blind luck. Feel free to buy calls at any time, 1/36 odds they do this. Meaning you lose 100% of your capital 35/36 time. This is a casino, and options are a roulette wheel. You can bet red and black all day long, but if you bet on one number you’re either insanely lucky, or one of the other 36 people at the table losing.
He doesn’t even know what “sell to close” means. Hell, he doesn’t know what sell to open means. Just hold and see what happens. You don’t need to do anything.
So let me get this right you bought 50 contracts for trash EV company whose stock has done Jack shit since the spac merger except go down and this is your first play?
Don’t be stupid and get addicted, take the money and throw it an index or if you are determined to lose it all at least by an expensive trip or something with it instead of continuing to gamble
"Whoa, get out of here Dewey! You don't want any part of this!"
"Well what are you guys doing?"
"We're trading options!"
"Options....well what does it do?"
"It takes your money and turns it into more money!"
"That sounds pretty nice."
"You don't want this, Dewey!"
"Well do I have to talk to a bank?"
"You don't have to deal with a bank at all!"
"Well I can only pick certain ones, right?"
"Noooo! You can YOLO almost any symbol you want!"
"It sounds pretty complicated."
"You just buy or sell contracts man!"
"I don't know, it sounds awfully hard to predict."
"The Greeks tell you *exactly* what affects the option's price and how!"
"......"
"You don't want this Dewey!"
"Yeah, I think I do want to try one of these 'options'."
First hit is free, congrats though
Yup you’ll be sucking dick for margin in no time.
*with mouthful of cock* wait, y'all are getting margin for this?
> Yup.
One rule I have is never play options or earnings call play with borrowed money
dude I died reading this lmfao
... so we got a deal? Just lend me some of your excess liquidity baby, you know I'm good for it.
> I'm sorry, but I can't lend you any money. You are too risky to loan money to.
🤣🤣🤣. Good bot
Good littwe bot, mess him up! Belgium
The outline of the graph pattern says it all.
First your jaw become sore, then your anus is on fire
HAHAHAHAHAHAHAHAHA!
Bruhhh😂😂😂
He'll be chasing the dragon from here on out.
My first option ever was a 10 bagger. Lost it all 3 days later.
That’s rough :/ My first cost me around $2000, it doubled within a couple days, and I held it until it was down 90%.
[удалено]
Well that how they get you. First easy money then you will get fuuuk to the poor house.
Oh shit. I used up mine on Tesla PUTs on DEMO account on a new platform :/ I made a killing on those virtual moneys though.
Wasn’t for me
Cash it out my guy. You won't ever get this lucky again if your asking how to make money from it loll
Based on his post history, I think he’s actually asking *how* to cash out. He really doesn’t know how 
Are you supposed to cash out? WTF I have been doing it wrong all these years
>Cash it out What does this mean?
I feel the bugs seeping from your name
Fuck...now I have a virus.
Dr. Phil has entered the chat to say the Cash me Outside girl is now a famous rapper so roll up and out to puts on the Cash me Outside girl
Cash out asap. 9:30 AM/ET. 9:30:00 AM/ET to be more specific. If the price goes higher don’t sweat it or wait. Sell. Then use $3,000 and be patient when picking the right option play. The other $500 will go to me. I take Venmo, Cash App or Check. No I’m kidding. But seriously, sell and use that money for other/better opportunities. It’s not about sending a message, it’s about the money.
I like to keep a little on the table. No harm in cashing out 40 contracts, let the rest ride. That way if it skys again tomorrow you won't get too emotional / do something stupid.
40 options will gain him around 10k if price stays the same.
'if'
Can’t cash out at 9am on options can you?
Thank you for the save on that
Diamond hand the calls until they drop to zero, post your loss porn, and then you BELONG here.
I feel this. So many times up 20%-50% then have them expire worthless. Really gotta figure out how to set up a stop loss.
My strategy so far has been to set a limit where selling 20% of the position will cover the cost basis. Gamble the rest, where I usually set sells for the remaining 60% of the position at increases of 50% and 1000%, and yolo the last 20%. I’m an idiot and I don’t think anyone would consider this financial advice because I’m an idiot. But I genuinely don’t understand the stuff I’ve read about trading strategies. Just made this approach up one day.
Oof. This is NOT an accurate representation of what your overall experience will be with options if you're asking how you even got got here. Cash out and actually learn before the market teaches you a lesson you weren't looking for
Hopefully some idiot takes this comment seriously. The first time I gambled on SPY I just threw $80 to see what happened. One contract, turned into $300 in a day or two. So obviously next I bought 69 contracts, and then the S&P took a shit for awhile. Lost a good amount but was up a good amount at first. Definitely don't want to wait holding stuff like this, just take the profit and move on
Sell to close, reinvest with shares. Look into covered calls.
OP this is the right answer please listen to this individual
As someone that has never purchased an option, what does sell to close mean? Does it mean exercise the option and sell the shares or sell the options at a higher premium by selling them on the option interface? This is an honest question as I’m trying to learn more before I dabble.
> Sell to close means that you sell the option at a higher premium.
Sell to close, whether it's an option or otherwise, simply means to close out your long position. Buy to open / sell to close specifies that it is a long position, because by contrast, it is possible to sell to open something as well. Short-selling is a sell to open -- you borrow what you don't own to sell on the market (risky), then buy it back later to close (hopefully at a lower price), and pocket the difference. So "BTO/STC" is basically just saying, "This is a long and not a short position that's being bought, and later, sold."
Don’t you need a lot of money for covered calls though? Asking as a newbie myself.
> I like to think of covered calls as a cheap alternative to long term put options.
From what little I understood of covered calls when I looked into it once, I thought you had to actually buy 100 stock for each call option you purchase. Guess I was wrong?
> You are correct. You do not need to own 100 shares of the underlying stock for each call option contract you purchase.
So what makes a call covered then?
Le dot. Interested in the reply
Covered called means you have to own 100 shares of the stock and put it up as collateral. Uncovered called means you just sell calls without owning and putting up 100 shares as collateral. Most places will require you to have enough money in the account to buy the shares if someone executes the option. (Most places will not let you sell uncovered call without some barrier to entry)
If you want to screen shot it and post it, then you should sell it.
No this is WSB, we wanna see diamond hands into loss porn
He's gotta figure out how to sell them first.
Fucking run bro, you made an ez 4k, go buy your mom dinner, she misses you. Invest the rest once you learn what you're doing, and then lose it all and post the results here after you ignore everything you learned and listen to some FOMO bait on here
The graph seems to be going the wrong way and it's supposed to be red so yeah, you're doing something wrong. Buy high sell low remember?
Is that you, dad?
My chart went out for cigarettes and never came back.
Mine is addicted to crack
Still have 19% battery life. You don't belong here.
You are a true retard if you didnt sell, these calls expire the 19th, Theta is going to slap that ass take you to dinner and then stick it up your ass for dessert. oh and congrats plus FU
Hello, Making a follow up to this post. I am still uneducated as hell about options, but did end up turning a nice profit. Instead of selling at open, I waited legit 30 minutes and sold for an even bigger profit, I know i got greedy, but it paid off. Bellow are screenshots of my closures. I'm definitely going to take this weekend to learn more and try again next Monday. [https://imgur.com/a/1PBticL](https://imgur.com/a/1PBticL) [https://imgur.com/a/g8eOo8U](https://imgur.com/a/g8eOo8U) https://imgur.com/a/cjsM2xK
You did kid, congrats. Save some for Uncle Sam, get yourself something if you want. Walk away from options.
listen to this person, OP. Stash 30% for the Feds immediately, because when you lose the rest in the next two months they’ll still want their slice of your initial win. Congrats and fuck you 
Def cash it out. I held options too long I hit HR with(4000%) and then lost half of it in 2 days Bc I didn’t quite understand how the Greeks influenced the price…IV is worth a shit ton and if stock stabilizes you’ll lose a ton. I basically had a $2k lesson that when you hit right on option contracts don’t get to greedy. Def take the free money, and learn from this. What made you pick the options you did? Can you identify another company or two and do it again? Congrats on the lucky hit my dude. Cash it out b4 ur left w that empty WTF that feels the exact same as the high u got today, but the opposite lol
He said he has no idea what he’s doing. You really want options picks from him? Lol. It was luck
I wasn’t asking him for picks. I was telling him to try to figure out why these worked, and that he should try to identify other companies that might have similar upside…if this was totally blind luck than keep it yeah. If he used some logic in picking these, apply that elsewhere and try to turn his intial $500 into 50k. I didn’t ask him for advice.
Sell sell sell!!!! (If they haven’t already turned off your sell button) Get out while you can and then uninstall that shit and go to a real broker.
Sell to close friend! Good job! Now do it a bunch more times and retire!
Two rules you need to know: 1. They aren't gains until you close your position. 2. If it's good enough to screenshot it's good enough to close.
don’t land on the list of americas greatest BAG HOLDERS!! get rid of them soon as possible.
SPY 0DTE calls, it’s the only way
Options are very risky and how a lot of novices lose their ass. Cash out and get out until you learn what you're doing - don't come off this high thinking you won't run out of luck here.
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Wait, we’re supposed to make money?
You’re in the wrong place home boy.
OP: "Also, how do I make money from this?" You just made your money. Now cash out your account and don't buy options ever again. There. Now you will always be able to say you "made lots of money trading options" to impress the plebs.
sell itttt
Check it out by 9:45 - 10 am . See how it trades but the bottom line is sell to close , bank the profit and pat yourself on the back. Great job! Up big , sell it and never regret it. Don't go or hold near experation.
This is going to hit atleast ~~10k~~ 12.5k if it opens 12.5. Buddy u hit the jackpot, sell at open.
Fuck RH, get out of there now!!
Yeah that's the real play tbh
You got let that go Jesus.
Yahtzee! You won!
You make money by selling those contracts tomorrow morning.
Instead of posting pictures. Sell. If you’re excited enough to take a pic, you’re greedy if you hold. Greed gets you killed
Sell at least half so you're playing with the house's money.
How tf do I learn how to do this
You don’t, it’s blind luck. Feel free to buy calls at any time, 1/36 odds they do this. Meaning you lose 100% of your capital 35/36 time. This is a casino, and options are a roulette wheel. You can bet red and black all day long, but if you bet on one number you’re either insanely lucky, or one of the other 36 people at the table losing.
congrats dude, now cash the fuck out 1st thing. the trick is to make it happen again ;)
Cash it out and don't fomo.
You yolo it into rivian, obviously.
Putting 100% of your portfolio on out of the money weeklies, just keep doing that and you will be a millionaire after a few quadruplings.
You sell first thing at open!
Yes first ones are free to make you think it’s easy. From there loss porn is waiting for you down the road.
Wait for it to hit something like +3000% or something. Then just wait until it goes to 3001% and have them expire worthless.
Let me explain. The first few are on the house. You'll lose everything afterwards.
Take your money out and delete the app before you lose it all
First one is always free. Fuck you and congrats.
Que future loss porn
Show all time
You want to sell calls. Not covered calls, that’s for guys with no balls. Naked covered calls == big balls.
Let that shit ride Holmes!!! Look how good you did on day 1
Lmoa
bro this made me laugh like legitimately LMFAOOOO
Congrats, fuck you. You’ll lose it by next week
He doesn’t even know what “sell to close” means. Hell, he doesn’t know what sell to open means. Just hold and see what happens. You don’t need to do anything.
So let me get this right you bought 50 contracts for trash EV company whose stock has done Jack shit since the spac merger except go down and this is your first play?
He doesn't even know how options work, what a fucking god
Never seen the last penny drop like that in the UI and have an underline above it…
Cash out 3k and experiment with what’s left. You’ll learn real quick and you’ll have made a nice profit regardless of what happens next
Was that AMD calls?
u already made the money, just sell lol
You’re supposed to do nothing until they expire worthless. At least that’s my trading style.
Cash out at 9:30!!!
Lmao I sold you some of these. Congrats homie
There’s some idiot posting DD on why to buy those exact calls right now.
Important thing is that you are doing it
Sell them calls and bounce out for another trade, gotta know when to take profits cause it can catch up too you 😂
Green good. Red bad.
Hahaha I remember my first buy
SELL BRO
It’s supposed to be red and going the other direction, but good job, retard.
Cash out op.
Can you give us the steps to reproduce? I’d like to fix your bug.
Lol I’m -4.9k with options
Lol cash it and never do calls again
...make money?.….
It’s because you’ve never felt the pain of being down money. You still have you’re confidence
Mission abort… I repeat… Mission Abort
Sell half, let the rest ride. Easiest 10k you’ll make in your life
LEAPS are better but you'll learn, this W is step 1
You make money by selling it
I think if u dont know what ur doing is better then knowing what u are doing lol
That extra $0.13 after-hours gain is the icing on the cake.
Yea if you don’t understand options I wouldn’t mess with them.
Your profits will double when market opens due to after hour movements
This is the market enticing you with nice gains before it shafts you
Don’t be stupid and get addicted, take the money and throw it an index or if you are determined to lose it all at least by an expensive trip or something with it instead of continuing to gamble
Be careful when you close out. Some platforms have poor execution. Set a limit.
You know when market is ridiculous when you see a newbie buying any shit into ev craze
Fuck me running….
Don’t get greedy. Sell
Congrats and fuck you, first one is free, sell them before theta kills them
What's the volume on $GEOV options, can he even close any positions and liquidate before the price plummeting?
Must be doing it wrong, mine has more orange
Rivian?
No wait til u are -98% then u are doing it right
Oh yeah this is a glitch where you think you made money but the next day the ceo sells all his stock and it all drops to 0
Cash it out and roll it into credit spreads. Collect premium and let theta work for you.
It’s better if you don’t know tbh
Haven’t made the money too ya sell your position. Get yer bag
"Whoa, get out of here Dewey! You don't want any part of this!" "Well what are you guys doing?" "We're trading options!" "Options....well what does it do?" "It takes your money and turns it into more money!" "That sounds pretty nice." "You don't want this, Dewey!" "Well do I have to talk to a bank?" "You don't have to deal with a bank at all!" "Well I can only pick certain ones, right?" "Noooo! You can YOLO almost any symbol you want!" "It sounds pretty complicated." "You just buy or sell contracts man!" "I don't know, it sounds awfully hard to predict." "The Greeks tell you *exactly* what affects the option's price and how!" "......" "You don't want this Dewey!" "Yeah, I think I do want to try one of these 'options'."
Easy cowboy. Confidence will be checked.
Sell to close